Starbucks To Sell Majority Stake In China Business
Benzinga
2025-11-04
Views 5
Starbucks sold a 60% stake in its China operations to Boyu Capital for $4 billion, creating a new joint venture with 40% ownership retained. CEO Brian Niccol said the deal will help accelerate expansion to 20,000 stores as Starbucks regains momentum against local competitors like Luckin Coffee.
Report form
RELATED VIDEOS
